XDB Liquidity Program Update
DigitalBits Community!
Based on the overwhelming success of the XDB Liquidity Reward Program on Uniswap, and to celebrate the recent unveiling of the DigitalBits Mainnet 2.0 updates, we will be extending the program to include the XDB-ZUSD pair on Uniswap. Moving forward, 50% of current program rewards will be allocated to this new pair’s liquidity pool on Uniswap, details below.
Within the current program, approximately 46,900 XDB tokens are distributed to program participants each day for contributing to the XDB-ETH pool on Uniswap. 50%, or specifically 23,450 of these tokens will now be allocated to the XDB-ZUSD pool, with all other program details remaining the same. Participants are more than welcome to participate in both the XDB-ETH and XDB-ZUSD pools. Details specific to XDB-ZUSD are provided below.
To view the original XDB Liquidity Reward Program (XDB/ETH) announcement, click here.
XDB/ZUSD Liquidity Rewards Details
Start: Wednesday February 24, 2021 with the Ethereum Block mined at approximately 4:00pm UTC.
Expiration: No expiration date has been set. However we do reserve the right to terminate the program at any time.
Reward Size: Initially, the reward size will be three and a half (3.5) XDB tokens per (1) Ethereum block, with the XDB Foundation maintaining the right to change the reward size with seven (7) days notice as the program matures. It is expected that the reward size will be decreased to less than 3.5 tokens within 30 days. This medium post will be updated with notices from the Foundation with any changes from time to time.
Reward Distribution: Rewards will be distributed every seven (7) days so long as the program is operational. Rewards will be distributed based on a Liquidity Providers (LP) proportional contribution to the Uniswap XDB-ZUSD liquidity pool. There is no minimum or maximum contribution amount required to participate in this program.
Due to gas prices, there is a set threshold to receive your rewards distribution. XDB token rewards will only be sent to you after your reward balance reaches a minimum of 2,000 XDB tokens. Smaller balances will be carried forward into the next period’s rewards until it meets this minimum threshold requirement.
Example of Reward Calculation:
- You contribute $10,000 worth of liquidity for a week with the total XDB-ZUSD Uniswap liquidity pool is $200,000.
- Your share is 5%, therefore you are eligible for 5% of the total rewards for the week.
- Total reward amount for the week is 7 (days) times 23,450 XDB tokens (approximate daily reward) which equals 164,150 XDB tokens.
- In this example, your share of reward after 7 days is 8,207.50 XDB tokens.
How To Provide Liquidity on Uniswap
Uniswap interface for adding liquidity.
1. Find the XDB-ZUSD pool on Uniswap by searching for the XDB token contract address on the Uniswap website:
XDB Token Contract: 0xb9eefc4b0d472a44be93970254df4f4016569d27
ZUSD Token Contract: 0xbf0f3ccb8fa385a287106fba22e6bb722f94d686
You can also find the XDB-ZUSD trading page on Uniswap by clicking this link directly:
https://info.uniswap.org/pair/0xf775e2d33672509c5d87a3e294faf73736051812
2. Make sure that you are connected to Uniswap using your wallet (e.g. Metamask)
3. Click the +Add Liquidity button in the top right corner of the graph.
Alternatively, if you are already signed into your wallet on Uniswap you can go directly to the +Add Liquidity page with this link:
4. Choose the amount of ZUSD and XDB you want to provide to the pool
5. Click Supply and perform the transaction
Quick Links:
Trade XDB-ZUSD pair on Uniswap
XDB/ZUSD Liquidity pool on Uniswap
Have any questions?
Always do your own research before participating in anything like this. Our community management team and XDB Foundation team members can help to answer any questions in our Telegram group for that.
Disclaimer
XDB Foundation has the right in its sole and absolute discretion to cancel this program at any time and for any reason. Reward distribution to certain accounts will be halted if there has been a determination of any unlawful activity, including but not limited to the determination that the residency of the account holder to be that of a restricted country. This program is governed by the laws of the Cayman Islands.
